Required Cash Collateral Account Amount definition

Required Cash Collateral Account Amount means (i) with respect to any Distribution Date prior to the occurrence and continuation of a Cash Collateral Account Funding Event, $0; and (ii) with respect to any Distribution Date on which a Cash Collateral Account Funding Event has occurred and is continuing, an amount equal to the product of 5% multiplied by the Initial Note Principal Balance; provided, however, that the Required Cash Collateral Account Amount for any Distribution Date shall not exceed an amount equal to the excess of the Note Principal Balance as of such Distribution Date over the sum of the Principal Funding Account Balance and the Available Spread Account Amount as of such Distribution Date.
Sample 1Sample 2Sample 3
Required Cash Collateral Account Amount means, (a) prior to the occurrence of an Event of Default with respect to Series [-], with respect to any date of determination, the product of (i) the Cash Collateral Account Percentage in effect on such date and (ii) the Initial Invested Amount; provided that the Required Cash Collateral Account Amount shall not exceed the sum of the Class C Note Principal Balance and the Class D Note Principal Balance, minus the excess, if any, of the Principal Funding Account Balance over the sum of the Class A Note Principal Balance and the Class B Note Principal Balance on such date of determination and (b) after the occurrence of an Event of Default with respect to Series [-], for any Payment Date, the sum of (i) the amount on deposit in the Cash Collateral Account on such Payment Date (including any amount transferred from the Reserve Account to the Cash Collateral Account pursuant to Section 4.10(e)), plus (ii) Available Finance Charge Collections for such Payment Date remaining after application of such amounts pursuant to subsection 4.04(a)(vii); provided, however, that if after the occurrence of an Event of Default with respect to Series [-] the maturity of the Series [-] Notes is not accelerated, the Required Cash Collateral Account Amount shall not exceed the Note Principal Balance.
Sample 1
Required Cash Collateral Account Amount means, (a) prior to the occurrence of an Event of Default with respect to Series 2003-D, with respect to any date of determination, the product of (i) the Cash Collateral Account Percentage in effect on such date and (ii) the Initial Invested Amount; provided that the Required Cash Collateral Account Amount shall not exceed the sum of the Class C Note Principal Balance and the Class D Note Principal Balance, minus the excess, if any, of the Principal Funding Account Balance over the sum of the Class A Note Principal Balance and the Class B Note Principal Balance on such date of determination and (b) after the occurrence of an Event of Default with respect to Series 2003-D, for any Payment Date, the sum of (i) the amount on deposit in the Cash Collateral Account on such Payment Date (including any amount transferred from the Reserve Account to the Cash Collateral Account pursuant to Section 4.10(e)), plus (ii) Available Finance Charge Collections for such Payment Date remaining after application of such amounts pursuant to subsection 4.04(a)(vii); provided, however, that if after the occurrence of an Event of Default with respect to Series 2003-D the maturity of the Series 2003-D Notes is not accelerated, the Required Cash Collateral Account Amount shall not exceed the Note Principal Balance.
Sample 1

Examples of Required Cash Collateral Account Amount in a sentence

  • The Required Cash Collateral Account Amount on the related Payment Date ..........................

  • The Required Cash Collateral Account Amount on the related Payment Date ........................

  • The Required Cash Collateral Account Amount on the related Payment Date ...................

  • The Required Cash Collateral Account Amount on the related Payment Date .....................

  • The Required Cash Collateral Account Amount on the related Payment Date ...............

  • The Required Cash Collateral Account Amount on the related Payment Date...........

  • The Required Cash Collateral Account Amount on the related Payment Date......

  • The Required Cash Collateral Account Amount on the related Payment Date .......................

  • The Required Cash Collateral Account Amount on the related Payment Date ...

  • The Required Cash Collateral Account Amount on the related Payment Date.................


More Definitions of Required Cash Collateral Account Amount

Required Cash Collateral Account Amount means, with respect to any Distribution Date, an amount equal to the greater of (i) the amount, if any, by which the Required CTO Enhancement Amount for such Distribution Date exceeds the Class D Invested Amount on such Distribution Date (after giving effect to any Additional Class D Certificates issued on such Distribution Date in accordance with Section 4.16(b)), (ii) the amount, if any, by which the Required Enhancement Amount for such Distribution Date exceeds the Available Enhancement Amount for such Distribution Date and (iii) if the Average Excess Spread Percentage as of such Distribution Date is less than 2.0%, an amount equal to the CTO Invested Amount on such Distribution Date.
Sample 1Sample 2
Required Cash Collateral Account Amount means for any date of determination the sum of: the product of (a) 1.75%, subject to modification in accordance with Section 4.21, and (b) the Adjusted Outstanding Principal Balance of the Notes on such date of determination; plus the product of (a) the Negative Carry Reserve Percentage and (b) the amount of funds on deposit in the Principal Funding Sub-Accounts for each Tranche of Notes on such date of determination, provided, however, that for any date of determination on or after the occurrence and during the continuation of a Portfolio Decline Event such amount in clause (a) will be the sum of the Negative Carry Reserve Percentage and the Cash Collateral Account Floor, with respect to amounts deposited into to the Principal Funding Sub-Accounts for each Tranche of Notes during the Portfolio Decline Event; provided further, however, that a Portfolio Decline Event will continue for six (6) consecutive months after the conditions which gave rise to its occurrence no longer exist; provided, however, that for any date of determination on or after the occurrence and during the continuation of a Pay Out Event that affects all Notes, the Required Cash Collateral Account Amount will be the amount determined above for the date immediately prior to the date on which such Pay Out Event shall have occurred; and, provided further, that the Required Cash Collateral Account Amount will not exceed the Outstanding Principal Balance of the Outstanding Notes.
Sample 1
Required Cash Collateral Account Amount means for any date of determination the sum of:
Sample 1

Related to Required Cash Collateral Account Amount

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]